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Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials price variance. Direct materials standard (6 lbs. @
Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials price variance.
Direct materials standard (6 lbs. @ $2/lb.) | $12 per finished unit |
Actual direct materials used | 249,050 lbs. |
Actual finished units produced | 41,000 units |
Actual cost of direct materials used | $495,660 |
A. $2,440 unfavorable.
B. $3,660 unfavorable.
C. $2,440 favorable.
D. $6,100 unfavorable.
E. $3,660 favorable.
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